DUBLIN, Jan. 15, 2025 (GLOBE NEWSWIRE) — The “Marine Deck Machinery – Global Strategic Business Report” Report added of ResearchAndMarkets.com offer
The global market for marine deck machinery is estimated to be valued at US$19.1 billion in 2023 and is projected to reach US$22.3 billion by 2030, growing at a CAGR of 2.2% between 2023 and 2030. This comprehensive report provides in-depth market analysis, drivers, and forecasts, helping you make informed business decisions
The growth of the marine deck machinery market is driven by various key factors. The increasing integration of advanced automation systems and remote monitoring technologies improves operational efficiency and safety, driving acceptance. Innovations aimed at reducing energy consumption and increasing environmental sustainability encourage shipping companies to update or replace outdated equipment. Compliance with international safety and environmental regulations requires upgrading or replacement of older equipment to meet current standards.
In addition, the adaptation of Emission Control Area (ECA) requirements encourages the use of machinery with low emissions or alternative fuels. The expansion of offshore industries, such as oil exploration, wind farms and aquaculture, creates a demand for specialized deck machines capable of handling complex and heavy loads. Increasing Arctic navigation requires equipment that can operate reliably in extremely cold and ice-laden waters. The shift towards more sophisticated and versatile vessels requires improved machinery that can efficiently perform a variety of tasks.
Finally, the focus on life cycle cost management and retrofitting old ships with new technologies is strengthening the demand for advanced deck machinery and associated aftermarket services. These factors collectively drive the development and increased adoption of marine deck machinery, reflecting the industry’s response to evolving market demands and technological advancements.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the winches segment, which is expected to reach US$10.0 billion by 2030 with a CAGR of 2.1%. The capstans segment is set to grow at a CAGR of 2.5% during the analysis period.
- Regional Analysis: Gain insight into the US market, estimated at $5.2 billion in 2023, and China, forecast to grow at an impressive 4.0% CAGR to reach $4.2 billion by 2030. Discover growth trends in other key regions including Japan, Canada, Germany, and Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ million from 2023 to 2030.
- In-depth regional analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
- Company Profile: Coverage of major players like Auts Technology Co., Ltd., Bhawani Engineering Works, Bulutlu Marine Group, and more.
- Complimentary Updates: Get free report updates for one year to keep you updated on the latest market developments.
Key Features:
| report attribute | details |
| Number of pages | 282 |
| Forecast period | 2023 – 2030 |
| Estimated Market Value in 2023 (USD) | $19.1 billion |
| Projected Market Value by 2030 (USD) | $22.3 billion |
| Compound Annual Growth Rate | 2.2% |
| Area covered | Global |
Key Topics Covered:
Market overview
- Influential market insights
- World market trajectories
- Global Economic Update
- Marine Deck Machinery – Global Key Competitors Percentage Market Share (E) in 2024
- Competitive Market Presence – Strong/Active/Niche/Insignificant for Global Players in 2024
Market trends and drivers
- Growth in global maritime trade drives the marine deck machinery market
- Increased investment in shipbuilding expands the addressable market
- Innovations in hydraulic systems drove the development of efficient machinery
- Automation trends favor the growth of marine deck equipment
- Rising offshore exploration and production activities drive market trends
- Innovations in remote monitoring and control systems strengthen the business case
Focus on selected players (Features 39 in total)
- Oats Technology Co., Ltd.
- Bhawani Engineering Works
- Bulutlu Marine Group
- China Deyuan Marine Fittings Co., Ltd
- Chongqing Acir Marine Co., Ltd.
- Chongqing Hi-Sea Marine Equipment Co., Ltd.
- Chongqing Jinbo Marine Equipment Import & Export Co., Ltd.
- Chongqing King-Sea Marine Equipment Co., Ltd.
- Funz Sun Industry Co., Ltd.
- Xingjiang Sunrises Manufacturing and Trading Combo
- Jintan Lead Marine Equipment Co., Ltd.
- marquee machine
- OE Manufacturing Pte Ltd.
- Palb Engineering (M) Sdn Bhd
- System Interface Inc.
- TOWIMOR SA
For more information about this report visit https://www.researchandmarkets.com/r/zbexxs
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